I’m a Numbers Gal!

IRS Now Accepting All 2012 Returns

March 5, 2013 — Connie Holt, E.A., ATA, ATP

Just six more weeks to go in the tax season and the IRS is NOW accepting all 2012 tax returns. The many updates needed for tax forms due to the tax law changes, caused delays in filing returns, but have now been completed and are now ready to file.

The IRS is also encouraging people who need more time to finish their returns to get an automatic six month extension by filing Form 4868. However, keep in mind this does not extend the time to pay any taxes due. All taxes due would need to be paid by April 15th, 2013 to avoid penalty and interest charges.